Candente Resource Corp.
TSX : DNT

Candente Resource Corp.

August 15, 2006 19:23 ET

Candente Resource Corp.-Results for the Second Quarter Ending June 30, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2006) - Candente Resource Corp. (TSX:DNT) ("Candente") is pleased to announce its First Quarter results for the period ended June 30, 2006. All amounts in this release are in U.S. dollars unless otherwise stated.

The Net Loss for the period totaled ($833,247), or ($0.02) per share, compared to a loss of ($443,499), or ($0.01) per share for the same period in 2005.

Outstanding Share Data

The Company has one class of common shares: as at August 4, 2006 there were 49,376,444 common shares outstanding.

The Company received additional funding of Cdn$129,100 from the exercise 175,000 common shares options at Cdn$0.70 and 20,000 common share options at Cdn$0.33.

The Company has a stock option plan: As at August 4, 2006 there were 5,821,000 stock options outstanding, of which 4,483,188 have vested.

The Company has a total of 3,255,698 warrants outstanding as at August 30, 2006 exercisable at Cdn$0.70 and Cdn$1.25, expiring October 22, 2006 and March 31, 2007.

Candente is a diversified copper and gold exploration company focused on increasing shareholder value through discovery. Candente has an advanced exploration stage leachable copper project, Canariaco, and several other gold, copper and silver projects in Peru. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.

Release No. 174


Contact Information

  • Candente Resource Corp.
    Joanne Freeze
    (604) 689-1957 or Toll Free: 1-877-689-1964
    or
    Candente Resource Corp.
    Evelyn Cox
    (604) 689-1957 or Toll Free: 1-877-689-1964
    info@candente.com
    www.candente.com